Wabash National (NYSE:WNC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $24.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.59% from the company’s current price.
According to Zacks, “Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. “
Other equities research analysts have also recently issued reports about the company. ValuEngine raised Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. OTR Global lowered Wabash National to a “positive” rating in a report on Thursday, December 14th. Stifel Nicolaus reiterated a “hold” rating on shares of Wabash National in a report on Friday, December 22nd. Finally, BMO Capital Markets lifted their target price on Wabash National to $24.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Wabash National presently has an average rating of “Hold” and an average price target of $25.80.
Shares of Wabash National (WNC) opened at $21.90 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.39 and a current ratio of 2.03. The stock has a market capitalization of $1,234.87, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.51 and a beta of 1.82. Wabash National has a one year low of $18.25 and a one year high of $26.54.
Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $543.40 million during the quarter, compared to analysts’ expectations of $517.96 million. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. equities analysts expect that Wabash National will post 1.97 EPS for the current year.
In related news, CEO Richard J. Giromini sold 58,300 shares of Wabash National stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total value of $1,459,832.00. Following the completion of the transaction, the chief executive officer now directly owns 803,680 shares in the company, valued at $20,124,147.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC boosted its holdings in Wabash National by 32.3% in the fourth quarter. Meadow Creek Investment Management LLC now owns 9,758 shares of the company’s stock valued at $212,000 after purchasing an additional 2,380 shares during the period. Yorktown Management & Research Co Inc boosted its holdings in Wabash National by 21.7% in the third quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock valued at $333,000 after purchasing an additional 2,600 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its holdings in Wabash National by 1.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 249,543 shares of the company’s stock valued at $5,693,000 after purchasing an additional 2,700 shares during the period. Pinebridge Investments L.P. boosted its holdings in Wabash National by 4.6% in the third quarter. Pinebridge Investments L.P. now owns 67,067 shares of the company’s stock valued at $1,531,000 after purchasing an additional 2,927 shares during the period. Finally, ETRADE Capital Management LLC lifted its holdings in Wabash National by 25.1% during the 3rd quarter. ETRADE Capital Management LLC now owns 14,622 shares of the company’s stock worth $334,000 after buying an additional 2,930 shares during the last quarter.
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Wabash National Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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